*FED BANK STRESS TEST RESULTS: ALL BANKS EXCEED MINIMUM CAPITAL REQUIREMENTS
- The nation's largest and most complex banks have strong capital levels that would allow them to stay well above their minimum requirements after being tested against a severe hypothetical recession
- Fed's Quarles: "The results confirm that our financial system remains resilient."
- Loan losses in this year's stress test are broadly comparable to those from past years. Credit card loans showed the highest losses, followed by commercial and industrial loans.
- Only the largest and most complex banks were tested this year. As previously announced, smaller and less complex banks were not tested this year and are currently on a two-year cycle, consistent with the Economic Growth, Regulatory Relief, and Consumer Protection Act. The firms tested this year represent about 70 percent of the assets of all banks operating in the U.S.